EU banking regulator warns sector still at risk - Handelsblatt

The head of the European Banking Authority (EBA) warned that the banking sector remained very vulnerable even after measures to stem the fallout of crises at Silicon Valley Bank and Credit Suisse, in comments to the Germany's Handelsblatt newspaper.

"The risks in the financial system remain very high," EBA chair Jose Manuel Campa said in an interview published on Monday.

Campa added that rising interest rates continued to weigh on financial markets and that the European Union regulator was monitoring unrealised losses in banks' balance sheets closely.